Shia LaBeouf has reached a deal with his uncle over a big loan, and got an apology, too. (Amanda Edwards/WireImage)

"Transformers" star Shia LaBeouf got an apology from his uncle Tuesday about their humiliating legal battle over the $1 million his uncle owes him.

The actor had sued his uncle to force him to repay an $800,000 loan that the uncle, Barry Saide, took in 2009 to cover business expenses. The debt has grown to $1 million with interest.

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On Tuesday, the star announced through publicist Melissa Kates that the family has settled the legal battle, but she refused to take any questions about whether the humble pie was enough to satisfy her client or if he's getting cash, too.

In his statement, Saide said, "I want to publicly apologize to my nephew and to my sister for any false accusations and negative publicity that they received as a result of this legal matter.

"I take full responsibility for failing to meet my obligations under our agreement and want to stress that neither Shia nor (his mother) Shayna were ever at fault and I am grateful for the financial assistance they provided to me."

The deal was struck as both sides were due to appear Monday in Manhattan Supreme Court where Saide's wife had moved to quash a subpoena that her nephew's lawyers had issued for her bank records.

Sharon Saide had in sworn court papers that her nephew's lawyers had been pressuring her for years to sell the family's $2.5 million condominium on the Upper East Side to repay her husband's debt.

Barry Saide said he used the money his nephew loaned him to keep his business afloat during the recession. (Jefferson Siegel)

"They want to intimidate and pressure me into giving the apartment to them to pay Barry's judgment for which I have no liability," she said in court papers.

The actor's lawyers issued the subpoenas to determine if his uncle had stashed any of his nephew's money into the condominium by making mortgage payments. Sharon Saide insisted that she bought the apartment with its river views with money that she inherited from her grandmother.

Barry Saide has said all along that he used his nephew's money to keep his businesses afloat for a while during the recession and he had none of it left.

Rather than face a messy, public court battle with his aunt over her bank accounts, LaBeouf announced a settlement.

In his statement Tuesday, Barry Saide declared that "contrary to press reports, Shia and Shayna never took any action to evict me or my wife from our apartment. I am happy that we were able to resolve this matter."

LaBeouf told People Magazine "I am just happy that this has all been resolved and that it is finally over."